LEND

[nullzero]

Chart looks like its heading to low 10s right as I type this. Its been trading in a tight trading range between 11.04-11.17 the last 30 mins or so.

[Ares]

Looking at the minute chart,

momentum low = 10.87
recovery rally =    11.05
price low =           10.92

previous high after momentum low made a higher high = 10.96

stop should be below 10.87

that's just an observation - no money involved.

[Ares]

Looks like LEND used the hourly 50 ma as support.
momentum low = 9.45
entry = 9.60
stop = below 9.45

[nullzero]

Man it takes balls of steel to be buying LEND on the long side with the potential random risks of being delisted and potential for news of going bankrupt.

[nullzero]

LEND down over -17% today.

[Ares]

Man it takes balls of steel to be buying LEND on the long side with the potential random risks of being delisted and potential for news of going bankrupt.

I agree, especially if you are holding long term.

Daytrading a stock that is filing for bancruptcy is not as bad.

In fact, that was probably the largest gain I saw.

Stock closed 18 the previous day, news postmarket, opened 8, trading day saw as high as 22, long term it went down.

[Ares]

Hourly 50 ma = 9.66

Hourly 200 ma = 5.96

If this tanks to these areas today, would it be hard to earn $250?

[REALDEALS21]

UP ALMOST $1 TODAY !

[WallStreetnBio]

Private-equity firm Lone Star Funds, which agreed to acquire Accredited Home in a $400 million deal, extended its $15.10 per share offer until August 14. It sounds like this deal is locked in but if not then LEND will look more attractive to Lone Star Funds since its trading much lower.  If Lone Star Funds isn't locked into the $15.10 offer extended until Aug. 14th then the deal will look more attractive now since the stock is trading much lower.  Lone Star Funds may be able to buy LEND for $10 a share.  Either way a $5.50 stock that goes to $10-$15 within a couple of months is a great deal in my opinion.

There was heavy call option buying pointed out by optionmonster.com. Here is the link to the video .  Check out the Aug. 1st Afternoon tea discussion where it talks about the options trading in LEND.

Recent News
Here is the link to a recent article by forbes on LEND
Accredited Still On The Road To A Lone Star State

Technicals
The chart looks like it formed a double bottom.

Personal Opinion
80% chance the deal goes through at $15.10
15% chance the deal goes through at a lower price but still at a premium to the current valuation
5% chance of bankruptcy

I bought 1900 shares and wrote some call options.  Currently there are no shares available to short.  I expect a short squeeze at the market open so you may want to enter a position at the open and buy on any weakness.  One hedge fund or a big buy order could trigger the squeeze.  Near term I see $1.00 downside risk and $9.00 upside when the deal goes through.

[WallStreetnBio]

LEND almost traded the float today which is 20 million shares. Half of those shares are short. This will be one hell of a short squeeze.

P.S. That so called fire I'm playing with just made me $4,000 in after hours 

[WallStreetnBio]

Accredited to be sold for $400 million
"Lone Star is paying roughly book value, Eckert said, meaning the amount Accredited would have left in assets if it went out of business immediately and paid off all its debts. "

[WallStreetnBio]

ACCREDITED HOME LENDERS HOLDING CO. EMPLOYEE COMMUNICATION

All Employees:

Most of you have probably noticed that our stock price has recently fallen well below Lone Star's tender offer price of $15.10. Much of the speculation in the media — and it is just that, speculation — is that the market fears the proposed transaction could fall apart or be renegotiated at a lower price. We want to take this opportunity to set the record straight with you by answering some of the rumors that we have been hearing.

Rumor #1: Required state regulatory approvals will prevent the transaction from closing.

Response: We are proceeding at full speed to close the transaction with Lone Star. Our primary task is obtaining the state regulatory approvals required to close the tender offer. The merger agreement with Lone Star requires that we obtain approval from states representing 95% of our 2006 production volume in order to close the transaction. We anticipated from the outset, and the tender offer materials reflect, that this process would not be completed by the original tender offer deadline, and that the tender offer would be extended. Under the merger agreement, extensions of the tender offer cannot exceed 10 business days, and one or more additional extensions may be necessary. However, we do not expect that regulatory approvals will prevent the transaction from closing.

Rumor #2: The announcement on July 17 that the tender offer was extended and that only about 21% of the outstanding shares had been tendered is an indication the transaction may not close.

Response: An extension of the tender offer was fully expected by us and Lone Star because of the timing of the state regulatory approval process, and is not indicative of any problems with the tender offer. The 21% number was the most recent information Lone Star had at the time they finalized their announcement of the extension of the original tender offer period. Subsequent to this announcement and prior to the start of the extension of the tender offer, the shares tendered went higher, but this was not announced. Also, we understand that many shareholders, especially large, institutional holders, don't tender shares until the last day of a tender offer period. Since Lone Star made the extension announcement the morning of the last day of the original tender offer period, we believe that shareholders who were planning on tendering that day delayed tendering in light of the extension. As of the close of business on July 27, 2007, approximately 32.68% of the outstanding shares had been tendered. In summary, all is going as planned. While there is no "guarantee" the transaction will close, we are right where we anticipated we would be and are looking to the future with Lone Star.

Rumor #3: The recent decline in our stock price is based on a perception that Lone Star does not want to go through with the transaction.

Response: The merger agreement with Lone Star was negotiated and signed during a period of significant industry turmoil, and, at the time the agreement was signed, there was no reason to expect that the problems of the industry were likely to disappear in the near future. The agreement contains carefully negotiated provisions about the circumstances under which we or Lone Star may decide not to proceed with the transaction without breaching the agreement. We are not aware that Lone Star has indicated any intent not to proceed with the transaction, and we are not aware of any basis on which they might do so without breaching the merger agreement. Many mortgage stock prices, not only ours, seem to have been negatively affected due to recent negative news in the non-prime industry, including the trouble with non-prime hedge funds, ratings downgrades of mortgage-backed securities by Moody's and Standard & Poor's, etc.

[setravis]

"LEND" Threads have been Merged.
Please use the search before starting new threads on a Stock Pick.
Chances are a thread already exist.
So why not post whatever you have to comment about on that pick to that thread.
"Simplicity" My fellow traders.                          
All history on a stock pick in 1 thread is awesome.                         
Just trying to get threads together,so we don't have a numerous amount floating around on the same stock.             
Thank You....and good luck with all your trades....make some $$$       

[WallStreetnBio]

[video] Lone Star Deal Is Ironclad, Says Cramer
at TheStreet.com (Fri 12:30pm)

Maybe Cramer will say something on his stop trading segment today

[godofstock]

i am in ............let take it higher......

7.40......... 500 shares.....

let gamble..........